Omaha daily bee., 1887-04-17
WEEKLY BUSINESS REVIEW
Transactions in Monetary Circles Attracts
Much More Attention.
BANKERS PRESSED FOR FAvoRs
Foreign Exchange in Moderate Sup
ply With a Fairly Active Demand @
Activity in the Leading
Produce Markets.
The Week in the Commercial World.

CHICAGO, April 16.--lSpecial Telegram to
the BEE. E.l-Financial affairs have at
tracted more attention during the past week.
and business in monetary circles has beeu
more active. Bankers have been pressed for
favors by parties in various branches of busi-
ness, and while they have fair surplus of
funds on hand, they have been compelled to
refuse some paper, which has been presented
Some bankers were unwilling to center their
funds in few hands, and gave their own
customers preference, even when only small
amounts were wanted. Spectators were
quite anxious borrowers, and in some cases
asked for round sums. In most cases they
succeeded in obtaining the favors they re-
quested, but some round lots of grain were
placed in the hands of outside parties as
security for temporary loans. Rather
free calling OF margins on May con-
tracts for grain and provisions
has stimulated the local demand for money
Packers, while not borrowers to great en-
tent, are a little backward in payments of
former loans. as they have been carrying
their property for delivery on contracts next
month Shippers of grain and provisions
ask for very few favors, and their demands
arc generally for small amounts. Lumber
dealers require some little assistance at this
season of the year, and they obtain all the
favors they require. The demand from the
interior for money was quite active and
more currency was forwarded to the country
than for some weeks past There was some
inquiry for loans from parties at other large
western markets tor the purpose of carrying
grain. but bankers generally refused to ac-
cept such paper. Wholesale merchants are
borrowing very little money at present
Their trade is quite brisk for this season of
the year, but the greater proportion of it is
from nearby points. Rates Of interest are
well maintained-rather stronger than last
week. Call loans are firm at 6I64.
per cent and time loans GI5C1S per cent, ac-
cording to the standing of the borrower and
the amount of the money desired. Some
paper was accepted on the street at 6@S per
kets are reported rather firm, with a little
more pressure for loans, though interest
rates are without material change Foreign
money markets are easy, the demand for
favorable to borrowers. New York exchange
was in lighter supply, and the demand was a
tritle more active. The light shipments of
grain and provisions have .curtailed the of
ferings of shippers bills. The market ruled
stronger and rates were considerably higher.
Sales were made between banks at par at %
cents premium per $1,000, and the markets
closed steady at 25 cents premium.
supply and the demand was fairly
active. Shippers sixty day doctl-
mentary bills were stronger and sold at
S4.s1}G14.s4l4, and closed steady at $4.S3s4Q
4.S4. The New York stock market attracted
considerable attention during the week Just
closed and trading was quite active. The
earnings of all the principal roads exhibited
good increase compared with the business
IL i
rome strength. The prices OF leading proper
ties were generally higher, though extreme
figures were not maintained, excepting for
specalties. Wall street operators were more
chased with more freedom than usual. Chi
cago operators traded rather sparngly, their
attention being attracted to affairs around
home. American securities were stronger in
foreign markets and sold at higher prices.
Sales on the New York stock exchange for
the week were 1872, 900 shares. Petroleum
was quite active at irregu ar and higher prices
early d n frt the week oWing to more active de.
feeling prevailed, though the market ex-
hibited considerable steadness Sales on the
New York petroleum exchange aggregated
76$9, 900 barrels; Opening sales were made
steady at Ga cents. The leading produce
markets have exhibited considerable activity
during the past week, but 1t was almost ex-
clusively on speculative account. AS May
grain and provisions and operators, while
not trading very literally, are watching the
course of events very anxiously and
preparing to make quick changes should any
disclosures be made. For several months
trading has been heavy for delivery during
May and now as that month approaches
parties are anxious to learn the result of all
this speculative trading. OF course "all are
at sea" except those who are directly inter-
ested IN large transactions and they are con-
fined to select few. The bulk of trading
at present Is in near deliveries
for small profits or losses, or in more deferred
deliveries. Operators are exercising consid-
cradle caution, both for their customers and
themselves, and are unwilling 10 be placed In
position where they cannot extrlcate them
selves on very short notice. Prices have
ruled somewhat irregular, ruling higher for
some articles and easier for others. Trading
on shipping account was light, orders from
distributing markets being smaller than
usual. The receipts of grain were smaller,
as was anticipated when the Interstate COM
merce law went into effect In provisions
little more strength was manifested, due In a
measure to the report of the decreased supply
of hogs In the monthly statement of the de-
partment of agriculture. Packing in the
west Is progressing favOrablv and receipts of
hogs are enlarging Stocks of grain are not
diminishing to any extent, and supplies of
provisions show little change,